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In this video tutorial, the process of creating a new bid within the proposal program is demonstrated. The first step involves accessing the file menu and selecting "New," which prompts the user to choose the company for which the estimation is being made. After selecting a customer from the customer list, the user can proceed; if no customer exists, they can add a new one. For users working with design projects from Planner or Image Editor, existing projects will be displayed in the list. There is also an option to create quotes for work that doesn't require a design project, such as tear-out work, allowing for flexibility in bidding.